Pinduoduo Stock Gets Crushed. Sales Miss Estimates.

 Pinduoduo Stock Gets Crushed. Sales Miss Estimates.

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/pinduoduo-pdd-stock-earnings-sales-51637938546


  • Order Reprints

  • Print Article

U.S.-listed shares of Pinduoduo plummeted Friday after the Chinese e-commerce company reported third-quarter sales much lower than Wall Street expectations.

Revenue of 21.51 billion yuan ($3.37 billion) missed expectations of $4.04 billion.

Adjusted earnings were 2.18 yuan, or 34 cents per American depositary share, up from 33 cents in the…


Related post